Is MIS (4100) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.6% / 30% | 1.4% / 30% | 0.1% / 30% | 1.86% / 5% | ✓ HALAL |
| DJIM | 0.6% / 33% | 1.4% / 33% | 0.1% / 33% | 1.86% / 5% | ✓ HALAL |
| MSCI | 2.3% / 33% | 5.0% / 33% | 0.5% / 33% | 1.86% / 5% | ✓ HALAL |
| S&P | 0.6% / 33% | 1.4% / 33% | 0.1% / 33% | 1.86% / 5% | ✓ HALAL |
| FTSE | 2.3% / 33% | 5.0% / 33% | 0.5% / 50% | 1.86% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 48.0% | |
| Operating Margin | 50.8% | |
| Net Margin | 44.2% | |
| Return on Equity (ROE) | 12.0% | |
| Return on Assets (ROA) | 6.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $333M |
| Free Cash Flow | $298M |
| Total Debt | $102M |
| Debt-to-Equity | 2.7 |
| Current Ratio | 0.7 |
| Total Assets | $4.5B |
Price & Trading
| Last Close | SAR 84.20 |
| 50-Day MA | SAR 84.50 |
| 200-Day MA | SAR 83.30 |
| Avg Volume | 109K |
| Beta | 0.5 |
|
52-Week Range
SAR 67.95
| |
About MIS (4100)
Makkah Construction and Development Company invests in, owns, develops, manages, purchases, and leases properties near Al Masjid Al Haram in the Kingdom of Saudi Arabia. It operates through The Commercial Center, Hotels and towers, Hajj and Umrah, and Investment sector segment. It engages in the engineering works, including building, constructing, repairing, and demolishing works, as well as operates hotels; and offers Hajj and Umrah services. The company was incorporated in 1989 and is headquartered in Mecca, the Kingdom of Saudi Arabia.
Purification Calculator
As a halal stock with 1.86% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is MIS (4100) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MIS is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is MIS's debt ratio?
MIS's debt ratio is 0.6% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 2.3%.
Does MIS require dividend purification?
Yes, MIS has an impermissible income ratio of 1.86%, which means 1.86% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are MIS's key financial metrics?
MIS has a market capitalization of $17.0B, trailing P/E ratio of 36.7, and revenue of $836M. The company maintains a gross margin of 48.0% and a net margin of 44.2%. Return on equity stands at 12.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.